Retail foreign exchange broker RoboForex announced that its customers will now be able to enjoy new trading conditions, available on the MetaTrader 5 platform, including increased leverage values up to 1:1000.
Delivering brokerage services on a worldwide basis with its proprietary advanced trading terminals, RoboForex has increased leverage on Fix-Cent, Fix-Standard, Pro-Cent, Pro-Standard, and CopyFX accounts, with values up to 1:700, 1:888, and 1:1000. The broker allows users to change leverage even if there are open positions on a trading account.
“Technological state of the art of trading mechanisms is one of RoboForex priorities. MetaTrader 5 platform is an improved version of MT4, the most popular trading platform with traders, which has been the leading tool on the online trading market for many years”, said Denis Golomedov, CMO at RoboForex. “We see our clients gradually testing advantages of a more advanced functionality and then they start trading through the new-generation platform on a regular basis. To help them with this, we’re systematically improving trading conditions and encourage our clients to benefit from enhanced capabilities of this new product to make their trading activities more efficient.”
Moreover, RoboForex clients using the MetaTrader 5 platform will get an opportunity to receive 115% bonus for deposits from $500 and 100% bonus for deposits from $300. The forex broker was already offering 50% bonus for deposits of any amount prior to the announcement.
RoboForex is licensed in Belize and operates for users worldwide excluding residents of Canada, the USA, and Japan. The broker is unlicensed in Europe, where its financial regulatory body ESMA announced it wants to limit leverage up to 30:1 on Forex trading. These recommendations, however, have no legal authority over national regulators who can adopt them or not, despite the political pressure.
Also, ESMA intends to create a margin close-out rule, a negative balance protection to provide a guaranteed limit on client losses, a restriction on benefits incentivizing trading, and a standardized risk warning. These new rules are contrary to 115% bonuses on deposits.
RoboForex is expanding its cryptocurrency offering, having added Bitcoin Cash, Dash, Litecoin, Ripple, Bitcoin, and Ethereum, tradable on MT4 and MT5.
